You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VAT taxable turnover is more than £85,000.
When you register, you’ll be sent a VAT registration certificate. This confirms:
• your VAT number
• when to submit your first VAT Return and payment
• your ‘effective date of registration’ - this is the date you went over the threshold, or the date you asked to register if it was voluntary
You can register voluntarily if your turnover is less than £85,000, unless everything you sell is exempt from VAT.
You’ll have certain responsibilities if you register for VAT.
Once you register for VAT you must charge VAT on your goods or services and you may reclaim any VAT you’ve paid on business-related goods or services.
If you’re a VAT-registered business you must report to HM Revenue and Customs (HMRC) the amount of VAT you’ve charged and the amount of VAT you’ve paid. This is done through your VAT Return which is usually due every 3 months.
There are 3 different rates of VAT and you must make sure you charge the right amount, check here at this link.
Watch this short YouTube video that will advise you if you need to register your business for VAT:
Do I need to register my business for VAT?
This message was edited 4 times. Last update was at 23/04/2019 14:20:48